Royal Bank Of Canada Reiterates Outperform Rating for Yamana Gold Inc. (AUY)
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a research note issued on Thursday.
A number of other equities research analysts have also commented on AUY. National Bank Financial reiterated an “outperform market weight” rating on shares of Yamana Gold in a report on Sunday, June 4th. BidaskClub upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. ValuEngine lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BMO Capital Markets reiterated a “hold” rating and set a $3.25 price target on shares of Yamana Gold in a report on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and set a $3.25 price target on shares of Yamana Gold in a report on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.71.
Yamana Gold (AUY) traded up 2.61% during midday trading on Thursday, hitting $3.14. 10,488,223 shares of the stock traded hands. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $4.95. The company’s market capitalization is $2.98 billion. The stock’s 50-day moving average price is $2.68 and its 200 day moving average price is $2.67. Yamana Gold also saw some unusual options trading activity on Tuesday. Traders bought 13,298 call options on the company. This represents an increase of 688% compared to the typical volume of 1,687 call options.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.07. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The firm had revenue of $428.10 million for the quarter, compared to the consensus estimate of $428.65 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts predict that Yamana Gold will post $0.02 EPS for the current year.
Institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in Yamana Gold during the 2nd quarter valued at $107,000. Raymond James Financial Services Advisors Inc. purchased a new position in Yamana Gold during the 1st quarter valued at $111,000. Creative Planning increased its position in Yamana Gold by 76.6% during the 2nd quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 19,795 shares during the period. Stephens Inc. AR increased its position in Yamana Gold by 1.1% during the 2nd quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 499 shares during the period. Finally, QCM Cayman Ltd. purchased a new position in Yamana Gold during the 2nd quarter valued at $117,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Yamana Gold Company Profile
Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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